Lamb Weston (NYSE:LW) Stock Rating Lowered by Citigroup

Lamb Weston (NYSE:LW) was downgraded by equities research analysts at Citigroup from a “buy” rating to a “neutral” rating in a report released on Friday, MarketBeat reports. They currently have a $68.00 target price on the specialty retailer’s stock, down from their prior target price of $90.00. Citigroup’s target price would suggest a potential upside of 8.80% from the company’s previous close.

Other equities analysts have also issued research reports about the company. Deutsche Bank Aktiengesellschaft began coverage on Lamb Weston in a research note on Thursday, December 12th. They set a “hold” rating and a $81.00 price objective for the company. TD Cowen raised their price objective on shares of Lamb Weston from $61.00 to $65.00 and gave the stock a “hold” rating in a research note on Tuesday, September 24th. JPMorgan Chase & Co. lifted their target price on shares of Lamb Weston from $68.00 to $78.00 and gave the company a “neutral” rating in a report on Monday. Sanford C. Bernstein assumed coverage on shares of Lamb Weston in a report on Tuesday, December 3rd. They set a “market perform” rating and a $85.00 price target on the stock. Finally, Wells Fargo & Company increased their target price on shares of Lamb Weston from $70.00 to $77.00 and gave the stock an “overweight” rating in a research note on Thursday, October 3rd. One research analyst has rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $82.42.

Lamb Weston Trading Down 20.1 %

Lamb Weston stock opened at $62.50 on Friday. Lamb Weston has a 52 week low of $52.99 and a 52 week high of $111.88. The stock has a 50-day moving average price of $76.94 and a 200 day moving average price of $72.75. The company has a quick ratio of 0.54, a current ratio of 1.19 and a debt-to-equity ratio of 1.87. The company has a market capitalization of $8.91 billion, a price-to-earnings ratio of 14.67, a price-to-earnings-growth ratio of 1.34 and a beta of 0.70.

Lamb Weston (NYSE:LW) last announced its quarterly earnings data on Thursday, December 19th. The specialty retailer reported $0.66 EPS for the quarter, missing the consensus estimate of $1.01 by ($0.35). The business had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.67 billion. Lamb Weston had a net margin of 9.57% and a return on equity of 34.33%. The business’s revenue was down 7.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.45 earnings per share. Sell-side analysts anticipate that Lamb Weston will post 4.26 EPS for the current year.

Institutional Investors Weigh In On Lamb Weston

A number of large investors have recently modified their holdings of the business. Crewe Advisors LLC boosted its position in Lamb Weston by 357.5% during the second quarter. Crewe Advisors LLC now owns 334 shares of the specialty retailer’s stock worth $28,000 after acquiring an additional 261 shares during the last quarter. City State Bank lifted its stake in Lamb Weston by 56.2% in the 3rd quarter. City State Bank now owns 417 shares of the specialty retailer’s stock worth $27,000 after purchasing an additional 150 shares in the last quarter. Family Firm Inc. acquired a new position in shares of Lamb Weston during the 2nd quarter worth approximately $36,000. Blue Trust Inc. grew its position in shares of Lamb Weston by 251.6% in the second quarter. Blue Trust Inc. now owns 436 shares of the specialty retailer’s stock valued at $37,000 after purchasing an additional 312 shares in the last quarter. Finally, Northwest Investment Counselors LLC acquired a new stake in shares of Lamb Weston in the third quarter valued at approximately $29,000. Hedge funds and other institutional investors own 89.56% of the company’s stock.

About Lamb Weston

Lamb Weston Holdings, Inc produces, distributes, and markets frozen potato products worldwide. The company operates through four segments: Global, Foodservice, Retail, and Other. It offers frozen potatoes, commercial ingredients, and appetizers under the Lamb Weston brand, as well as under various customer labels.